• Gold: 1,231.69 0.93
  • Silver: 15.48 -0.04
  • Euro: 1.172 -0.001
  • USDX: 94.449 -0.703
  • Oil: 68.13 0.02

December 11: Gold and Silver Fall While Stocks Edge Higher

Chris Mullen
|
Monday, December 11th

 

Close

Gain/Loss

Gold

$1242.80

-$5.10

Silver

$15.72

-$0.12

XAU

76.99

+0.07%

HUI

175.51

-0.95%

GDM

598.32

-0.41%

JSE Gold

1301.73

+18.91

USD

93.94

+0.03

Euro

117.74

+0.09

Yen

88.11

-0.05

Oil

$57.99

+$0.63

10-Year

2.386%

+0.009

T-Bond

154.0625

+0.0625

Dow

24386.03

+0.23%

Nasdaq

6875.08

+0.51%

S&P

2659.99

+0.32%

 
http://www.goldseek.com/news/2017/2017-12-11_14-02-36.jpg

 

The Metals:

 

Gold edged up to $1251.50 in London, but it then fell back off for most of trade in New York and ended near its late session low of $1240.90 with a loss of 0.41%. Silver slipped to as low as $15.689 and ended with a loss of 0.76%.

 

Euro gold fell to about €1056, platinum gained $2 to $887, and copper climbed 3 cents to about $2.99.

 

Gold and silver equities saw slight gains at the open before they fell to see roughly 1% losses by midafternoon, but they then edged back higher into the close and ended mixed on the day.

 

The Economy:

 

U.S. Job Openings Cooled in October After Climbing to a Record  Bloomberg

Powell faces early test of policy view as tax cuts near approval  Reuters

Investors Told to Brace for Steepest Rate Hikes Since 2006  Bloomberg

 

Tomorrow brings PPI and the Treasury Budget.

 

The Markets:

 

Oil gained over 1% after it was announced that a key North Sea pipeline was forced to shutdown for repairs for about two weeks.

 

The U.S. dollar index held near unchanged and treasuries edged higher along with the Dow, Nasdaq, and S&P as traders wait for the outcome of this week’s fed meeting.

 

Among the big names making news in the market today were AmEx, Ford, Monsanto, Bluebird Bio, and Amazon.

 

GATA Posts:

 

 

Harvey Organ: Why such shorting of Comex gold and silver if there's none for delivery?

How much has U.S. or Russia already paid for the bitcoins Bulgaria confiscated?

Bitcoin billionaire Winklevoss sees the cryptocurrency replacing gold

Bitcoin mania could boost efforts to dethrone dollar, analyst says

Russia-China real gold standard means end of U.S. dollar dominance

Bitcoin's success will liberate gold from price suppression, Keiser says

 

The Statistics:

As of close of business: 12/8/2017

Gold Warehouse Stocks:

8,982,142.308

+5,588.498

Silver Warehouse Stocks:

239,902,809.445

-1,000.00

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 

 

Product name

Total Tonnes

Total Ounces

Total Value

New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx) AND Mexico Stock Exchange (BMV)

SPDR® Gold Shares

842.811

27,097,213

US$33,790m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

138.13

4,441,056

US$5,540m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

152.66

4,908,200

US$6,118m

Australian Stock Exchange (ASX)

Gold Bullion Securities

11.16

358,789

US$446m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 242.12: No change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,088.59: +46.96 change from yesterday’s data.

 

The Miners:

 

WINNERS

1.  Eldorado

EGO +6.90% $1.24

2.  Fortuna

FSM +6.10% $4.52

3.  NovaGold

NG +4.94% $3.61

 

LOSERS

1.  New Gold

NGD -4.19% $2.97

2.  Alexco

AXU -3.82% $1.26

3.  Americas Silver

USAS -3.23% $3.30

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

       

Please see Yahoo’s Mining/Metals News Wire for all of today’s mining news.

 

- Chris Mullen, Gold Seeker Report

 

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Additional Resources for today’s Gold Seeker Report can be found:

© Gold Seeker 2017

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